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Cambridge aims to double its unicorns, plans support scheme for founders


Home to over 5,300 high tech companies, Cambridge is among the world’s leading university-based ecosystems. Ranked as the third most important science hub globally in 2022, the city counts 23 unicorns and its university-backed startups have raised over £3bn in research investment. Now, Cambridges aims to more than double its unicorns by 2035 under a new scheme led by a partnership of local universities, government bodies, and industry players including Microsoft and AstraZeneca. Announced today, the Innovate Cambridge initiative will seek to support business growth and double the number of multinational companies in the area to 40. The initiative has…

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